OVER A DOZEN SUITORS SUBMIT EoI: Adani versus Ambani in Future Retail race

Over a dozen prospective bidders, including the Adani Group and Reliance Industries (RIL), have submitted Expressions of Interest (EoI) to acquire the assets of debt-laden Future Retail (FRL).

RIL has placed the EoI through Reliance Retail Ventures and Adani group has placed it through April Moon Retail (a joint venture between Adani Airport Holdings and promoters of Flemingo Group). The others in the fray include Nalwa Steel and Power (an OP Jindal Group company), Capri Global Holdings and Dharampal Satyapal, among others.